Internet (ICP) Delivered a solid recovery on Tuesday, climbing 1% after encountering early sales pressure.
The rebound of the intradays hollow presented the structural force of the asset and the growing conviction of buyers at key technical levels.
After having slipped in early European morning, ICP found support near the $ 4.72 bar, where the negotiation activity intensified and buyers intervened aggressively. This level is now a high condemnation support area, marking a potential basis for more upwards, according to the technical analysis data of Coindesk Research.
The price stabilized above this threshold and gradually climbed to previous summits, suggesting the presence of accumulation and strengthening the bullish feeling.
The volume trends surrounding the overthrow were notably high, indicating institutional participation and a strong reaction to support. The strength of the rebound and the sustained recovery suggest that the ICP remains technically on a solid sole, even in the middle of broader fluctuations on the market.
With emerging bullish continuation models and that no resistance to immediate general costs is resettled, ICP can be ready to question recent peaks. Long -term merchants and holders can turn to $ 4.72 resilience as a base for the next movement above.
Strengths of technical analysis
- ICP displayed a daily gain of 1% after the rebound.
- The level of $ 4.72 appeared as a clearly defined support zone after a high volume accumulation.
- A high activity of the purchase reported a strong conviction among the merchants during the takeover.
- The short -term resistance levels have been tested and surmounted without significant retirement.
- The market structure remains favorable to the potential optimistic continuation in the coming days.
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